Stock market sustains bullish trend, grows further by 0.71
Nigerian Stock Market

Nigeria Exchange Group Plc on the 27th July, 2023 posted N3.2bn turnover for the half year ended June 30th, 2023. This represents about 16% decrease on its previously reported N3.8bn turnover in 2022.

The market regulator sheds its bottom-line figures by 45.85% to settle at a profit after tax of N444mn from Profit After Tax of N840mn declared in the preceding period of 2022.

Consequently, the company’s earnings per share dropped by 45.85% from N0.02 in 2022 to a N0.01 in the current period under review,

With a large outstanding number of shares running to over 52 billion, the price to earnings ratio stood at 3223.16x and earnings yield of 0.03%.

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